Yerevan /Mediamax/. “Cascade Investments” Company forecasts appreciation of AMD in short-term prospect.

Mediamax reports that the analytical review of “Cascade Investments” reads this.

Following the forecasts of the company’s specialists, in the second quarter of 2009, the Armenian currency will appreciate to 353 AMD against 1 USD, and in the third quarter – to 345 AMD.

In the fourth quarter, according to the forecast, the Armenian currency will start depreciating and will make 348 AMD against 1 USD, and in the first and second quarters of 2010 – respectively 350 and 355 AMD.